Russian, Chinese and South Korean nuclear companies should be offered subsidy contracts to build reactors in the UK if they are cheaper than other projects already under development, a prominent nuclear lobbyist has said. Tim Yeo, the former chairman of the House of Commons energy select committee, said EDF’s proposed £18bn plant at Hinkley Point, which is expected to get the go-ahead this week, should be allowed to proceed, but he urged the Government to rethink its approach to future projects. Mr Yeo, the MP for South Suffolk for 32 years until the 2015 general election, now chairs New Nuclear Watch Europe, a lobby group whose members include the Korean nuclear firm Kepco. He urged the Government to “urgently examine which nuclear vendors can deliver the cheapest electricity, maximise the number of UK supply chain jobs and minimise the risk of construction delays”.
Telegraph 23rd July 2016 read more »
When Greg Clark touches down in Tokyo tomorrow, he will have the weight of Britain’s creaking power grid on his shoulders. The new business and energy secretary is flying to Japan on a three-day mission to reignite Britain’s long-delayed nuclear renaissance — and keep the lights on in our homes. At the top of his list is convincing Hitachi and Toshiba of the government’s commitment to new nuclear power stations in Wales and Cumbria and drumming up funds for the reactors, which are needed to replace Britain’s ageing coal and nuclear plants. His visit comes before a board meeting at EDF on Thursday, when the French energy giant is set to decide whether to proceed with the £18bn Hinkley Point C nuclear plant in Somerset. Companies including Hitachi are understood to be concerned over Britain’s commitment to nuclear power, while Nissan, Toyota and Honda fear tariffs could dent their sales to the EU. Hitachi and Toshiba are planning Britain’s next two plants after Hinkley — the Horizon project on Anglesey in north Wales and the NuGen plant in Cumbria respectively. They hope to use the reactors as a showcase for their nuclear technology. The funding for the schemes has yet to be found, however, and both are scrabbling for investment.
Times 24th July 2016 read more »